Changes In Income Tax Return Form No 2, 3, 5 for Assessment Year 2024-25.
Applicability of ITR forms – not changed:
Specific Income Tax Return (ITR) forms are applicable to specific source of income relating to specified assesee. The CBDT did not changed such applicability. Thus, the applicability of ITR forms to different taxpayers remains unchanged in the new versions of ITR forms. Thus, the source of income and taxpayers on which...
ROC penalizes directors for failing to notify the change of residential addresses in DIR-3.
What is Director identification number (DIN)?
Director identification number (DIN) is a unique identification number allotted to a person wanting to be a director of a company. To obtain DIN, the concerned person needs to make an application in e-form DIR-3.
Facts of the case:
M/s. SVPL is a registered company having its registered office in the state of Bihar. The company...
Understanding the Latest Updates on PAN Inoperability: What You Need to Know!
The Ministry of Finance in India recently issued a crucial update that impacts millions of taxpayers and businesses. On April 23, 2024, the Central Board of Direct Taxes (CBDT) released Circular No. 6/2024, which partially modifies the earlier Circular No. 3/2023. This update addresses the consequences of a Permanent Account Number (PAN) becoming inoperative under the...
Due Dates for the month of May 2024.
07th
TDS
Payment for April 2024.
10th
GST
Return for authorities deducting tax at source – GSTR 7 for April 2024.
Details of supplies effected through the e-commerce operator and the amount of tax collected-GSTR 8 for April 2024.
11th
GST
Details of outward supplies of taxable goods and/or services effected – GSTR 1 for April 2024.
13th
GST...
Payroll Data Security: Defending Against Payroll Data Breaches
Payroll data security is a vital aspect which every business irrespective of its size should take into concern because of the sensitive nature of the information that can include social security numbers, bank accounts details and salaries. Companies are recommended to take positive actions to prevent payroll data breaches, and software security should be one the main point...
Effective Strategies for Employee Database Management
Practical strategies for managing an employee database are crucial for maintaining the accuracy, security, and accessibility of personnel information. Utilizing employee database management software is at the core of these strategies. This software facilitates the organization and retrieval of employee records quickly and efficiently. It supports HR departments by...